Telecom Italia S.p.A. (OTCMKTS:TIIAY) Short Interest Down 61.6% in December

Telecom Italia S.p.A. (OTCMKTS:TIIAY) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 12,900 shares, a drop of 61.6% from the November 30th total of 33,600 shares. Based on an average daily trading volume, of 36,700 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 10th.

Telecom Italia Stock Up 0.8 %

Shares of OTCMKTS TIIAY traded up $0.02 during midday trading on Friday, hitting $2.51. The stock had a trading volume of 6,424 shares, compared to its average volume of 36,594. Telecom Italia has a fifty-two week low of $2.19 and a fifty-two week high of $3.29. The company’s 50-day simple moving average is $2.47 and its 200 day simple moving average is $2.50.

About Telecom Italia

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.